CAMARILLO, Calif. -- The average U.S. price of regular-grade gasoline plummeted 45 cents over the past three weeks to $4.10 per gallon.
Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that the continued decline comes as crude oil costs also remain low.
“The drop of a dollar per gallon has not been enough to restore motorist demand, which is in retreat due to sustained high price levels,” Lundberg said in a statement.
The average price at the pump is down a dollar over the past nine weeks, but it’s 85 cents higher than it was one year ago.
According to the survey, the average price of diesel plunged 37 cents over three weeks to $5.17 a gallon.
This story has been corrected to show that the last survey was three weeks ago, not two.